Hyderabad Couple Among 10 Arrested in Rs 7.66 Crore Real Estate Scam
A resident of Nawab Sahab Kunta invested Rs 7.66 crore in a fraudulent real estate scheme, leading to the arrest of a Hyderabad couple and eight others.
Real EstateScamHyderabadInvestmentFraudReal Estate NewsOct 04, 2025
According to police, the primary accused, Ahmed Sohel Harmoon alias Ahmed Sohel, and his wife Sheeba Arshad, residents of Kalapathar, established a company named Classic Homes India Pvt. Ltd. in Somajiguda in 2022. The company ostensibly engaged in home décor, interiors, and construction businesses.
To attract investors, Sohel recruited several agents and portrayed himself as a well-connected businessman with ties to multinational companies and political circles. He promised substantial returns on investments and initially made timely payouts to gain the trust of potential investors.
One of the victims, a resident of Nawab Sahab Kunta, invested Rs 7.66 crore in multiple installments. In January of this year, Sohel assured the investor that the full amount would be repaid within six months. However, after the deadline passed, neither the principal amount nor the promised profits were returned.
Upon further investigation, the victim discovered that Sohel and his associates had set up offices in three different commissionerates under the guise of real estate operations and had collected money from numerous individuals. Realizing the extent of the fraud, the victim approached the CCS police.
Based on the complaint, the CCS police registered a case against Ahmed Sohel Harmoon, Sheeba Arshad, Mahmmad Iflekar Sharif, Shabana, K. Vijaya Nikhila, Fareed Bhan, Mahmmad Intiyaz, Suraj Thakre, Khaja Ahwar Arshad, and Ratna Babu. A thorough investigation into the multi-crore fraud is currently underway, as stated by the police.
The arrest of these individuals is a significant step in bringing justice to the affected investors and serves as a cautionary tale for others to be vigilant when considering real estate investments.
Frequently Asked Questions
What is the total amount of money defrauded in this real estate scam?
The total amount of money defrauded in this real estate scam is Rs 7.66 crore.
Who are the primary accused in this real estate scam?
The primary accused in this real estate scam are Ahmed Sohel Harmoon alias Ahmed Sohel and his wife Sheeba Arshad.
How did the scammers attract investors?
The scammers attracted investors by recruiting several agents, portraying themselves as well-connected businessmen, and promising substantial returns on investments.
What actions did the victim take after realizing the fraud?
After realizing the fraud, the victim approached the Cyber Crime Special (CCS) police in Hyderabad to file a complaint.
How many individuals were arrested in connection with this scam?
Ten individuals were arrested in connection with this scam, including the primary accused and their associates.
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